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Central Africa Republic’s Bitcoin Adoption: The Real Work Must Start Now


The Central Africa Republic (CAR)’s surprise bitcoin adoption decision once again shows that the top cryptocurrency can be an alternative to fiat currency. However, the African country still needs to invest heavily in its telecommunications infrastructure. The CAR also needs to prioritize...

44 Countries Fly to El Salvador to Discuss Bitcoin and Its Benefits


Nayib Bukele, the President of El Salvador, took to Twitter to announce that 32 Central Banks and 12 Financial Authorities from 44 countries were flying in on May 16, 2022, Monday. The meeting will center around the discussion related to the digital economy, financial inclusion, rolling out Bitcoin...

El Salvador Buys 500 Bitcoins Amid Crypto Bloodbath


El Salvador has bought the bitcoin dip. Amid a heavy crypto market sell-off, the Salvadoran president announced that his country has purchased 500 more bitcoins. Since El Salvador adopted the cryptocurrency as legal tender, the Salvadoran government has purchased 2,301 bitcoins altogether....

Report: IMF Says Central African Republic’s Bitcoin Adoption Poses Risks


The International Money Fund (IMF) has added its voice to institutions and parties criticizing the Central African Republic (CAR)’s decision to adopt bitcoin. The IMF insists the adoption poses legal economic challenges not only to the country but to the region as well. CAR’s Bitcoin...

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